First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Volume Increase – Here’s What Happened

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) shares saw an uptick in trading volume on Wednesday . 121,588 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 82,843 shares.The stock last traded at $23.84 and had previously closed at $23.54.

First Trust DJ Global Select Dividend Index Fund Stock Up 1.4 %

The firm has a market capitalization of $590.54 million, a PE ratio of 9.98 and a beta of 0.95. The firm’s 50-day moving average price is $22.85 and its two-hundred day moving average price is $23.40.

Hedge Funds Weigh In On First Trust DJ Global Select Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FGD. Raymond James & Associates grew its stake in First Trust DJ Global Select Dividend Index Fund by 27.3% during the 3rd quarter. Raymond James & Associates now owns 117,643 shares of the company’s stock valued at $2,865,000 after acquiring an additional 25,231 shares in the last quarter. Private Advisor Group LLC purchased a new position in First Trust DJ Global Select Dividend Index Fund during the third quarter valued at approximately $297,000. Janney Montgomery Scott LLC increased its stake in First Trust DJ Global Select Dividend Index Fund by 1.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 109,536 shares of the company’s stock valued at $2,667,000 after buying an additional 1,409 shares during the period. Cottonwood Capital Advisors LLC lifted its position in First Trust DJ Global Select Dividend Index Fund by 34.4% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 31,257 shares of the company’s stock worth $761,000 after buying an additional 7,993 shares in the last quarter. Finally, Lynx Investment Advisory boosted its stake in shares of First Trust DJ Global Select Dividend Index Fund by 0.8% during the 3rd quarter. Lynx Investment Advisory now owns 164,326 shares of the company’s stock valued at $4,001,000 after buying an additional 1,274 shares during the period.

About First Trust DJ Global Select Dividend Index Fund

First Trust Dow Jones Global Select Dividend Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover.